As many shoppers scrimp and stress, the wealthiest splurge
Marketplace
00:00
Economic Disparity and Consumer Resilience
This chapter explores the effects of income inequality on consumer spending and GDP, emphasizing the growing role of high-income households in driving expenditures. It highlights the struggles of lower-income consumers facing rising debt and discusses the changing economic sentiment among different income groups during the pandemic. Personal stories, including that of a resilient cheese vendor, illustrate the challenges and emotional connections involved in small business ownership amidst broader economic fluctuations.
Transcript
Play full episode
